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$1,500 USD

Rhythm Audio Design

rhythmaudiodesign.com

Appears in Electronics and gadgets , Business and Franchises under $5,000, Canada, Ontario, Barrie

General description

Loudspeaker Parts Store This is a drop-shipping store which is easily scalable to the size you want. I initially wanted to keep this store small, but realized that it can be much larger by adding more great products from secured reliable vendors.

This store has an excellent niche that sells a wide range of speaker building parts and accessories.

Unique: This store is currently an authorized dealer for a world class audio manufacturer. The dealership has been secured for the new owner. This manufacturer is high-end and offers real wholesale pricing with good margin and drop-shipping available.

With some effort, this store should work very well with organic traffic. So far the store has approximately 20% + repeat customers. This is a great sign that the store is working well. You just need to give your customers a valid reason to return. Proof of concept has been successfully completed from purchase to shipping. Many apps are installed but you should install more as you grow. Shopify has an incredible amount of fantastic apps to help you increase traffic, sales and customer retention.

I've had the store for over a year but I really haven't been pushing it until about 7 months ago. I was hoping to train myself in social media so I could promote the store properly. Alas, that is no longer in the plans.

This is a rare opportunity to be a real business owner with real growth potential. If you have questions, contact me. I'll do my best to answer them.

Cheers!

Financials and traffic

The profit is an approximate calculation. It will depend on how many sales you run if any. The store has seen a boost in the past 120 days. The previous months were spent in designing, redesigning, securing vendors and market testing.

Average profit/month

$333 USD

Average overall profit margin

38%

Average number of sales/month

5

Total revenue for last 12 months

$9,652.00 USD

Total traffic for last 12 months

9,351 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

I tried a few small Facebook ads, but I don't know what I'm doing. So it was basically a waste of money for me.

Expense item

Cost

Shopify plan

$29.00/month

Domain

$1.00/month

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Newsletter list

54 subscribers

Social media followers

942 people

Q & A

Why should someone buy this store?

This store is carefully researched and crafted and valued at more than twice the listed price. It is not a fad and has long term growth potential. You can add as many products as you like. There are other categories that are not live. They are just waiting to be filled with products. If you like audio, you will find that this is one of the most enjoyable stores to own. Many store owners sell their stores when the store is on a downward trend. This store is trending upward and has been for the past quarter. That's exactly what you want to see in a store that's been launched for about a year. A store like this needs to be nurtured while building customer confidence. RAD has spent allot of effort on securing quality products, building customer confidence, excellent pricing and customer service. The future looks golden.

For the price of an old cheap used car, you could own an enjoyable business with a bright future. Nothing is more expensive than a missed opportunity. Do you recognize it?

How can the future owner improve the business?

Creative marketing is the key to improving this business. I lack social media skills and that is the weak point of the store. Someone with those skills or willing to pay for those skills should be capable of taking the store to the next level and securing its place in this great market.

What work have you put into the store?

Design, securing vendors, branding, and market testing has been done.

How many hours does it take to run this business per week?

6 hours

$1,500 USD

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